Statement by Environmental Defense President Fred Krupp On the President's Comments on Global Warming

“President Bush deserves praise for focusing on energy independence and recognizing that a ‘cap and trade’ system will be the best solution to global warming if his plan of voluntary reductions does not succeed. (How Bush Looks to Define Energy-Policy Focus, Wall Street Journal. He is right to focus on new technologies. As a market-oriented organization focused on results, we believe the rapid pace of climate change means we can’t rely on government subsidies to get the job done.  Instead, we must act quickly to unleash the power of capitalism by setting a limit that will reduce carbon pollution and give companies the flexibility to meet that cap through a trading system, as the first President Bush did so successfully on acid rain. The result will be a flood of innovation, entrepreneurship, and investment to meet this challenge. 
, 9/29/06)
“No single act would do more to promote our energy security, vault us ahead of Europe and China in energy technologies, and stave off the worst impacts of climate change.”

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